The World Gold Council reports that total gold supply fell by 2% in the third quarter.

   SMM Network News: The World Gold Council (World Gold Council) recently released the "Gold Demand Trends Report" data for the third quarter of 2018, showing that gold ETFs outflow 103 tons in the third quarter, which is the first quarter since the fourth quarter of 2016. Gold demand in the quarter was 964.3 tons, an increase of only 6.2 tons year-on-year. Global central bank gold reserves increased by 148 tons, an increase of 22% year-on-year. China's gold market is still in a positive trend, with consumer demand growing by 14% year-on-year. The report shows that in the third quarter, global gold bar and coin investment demand increased by 28%, an increase of 298 tons. This is the largest year-on-year increase since the second quarter of 2013. Lower gold prices have led individual investors to choose gold bars and coins as a safe haven, and gold jewelry purchases have also increased in India, China and throughout South East Asia. China is the world's largest market for gold bars and coins, and demand has shown an upward trend this quarter, rising 25% year-on-year to 86 tons. Analysts believe that the escalation of the Sino-US trade war has caused domestic stock and bond markets to suffer. Gold prices fell again this quarter, and investors have flocked to the gold market. At the same time, benefiting from the Qixi Festival, the Mid-Autumn Festival, and the continuous innovation of marketing strategies, gold jewelry demand has been strong this quarter. Wang Lixin, managing director of China at the World Gold Council, said that as the world's largest market for gold bars and coins, China's physical gold investment demand achieved a significant increase of 28% in the quarter. This once again reflects the irreplaceable safe-haven role of gold in investment portfolios. Looking at the third quarter data, China's gold jewellery consumer demand is significantly affected by specific holidays. Jewellery retailers are also appropriately taking advantage of the opportunity to carry out product marketing activities, which can drive sales and enhance brand loyalty. According to the report data, gold demand in the technology application field rose 1% year-on-year to 85 tons in the third quarter. This is the eighth consecutive quarter of demand growth, mainly driven by the use of gold in electronic products such as smartphones, servers and automobiles. It is worth noting that the total supply of gold fell slightly by 2% in the third quarter. Some analysts pointed out that two consecutive quarters of hedging were lifted, and the decline in gold prices and the economic boost in the United States and Europe hindered the recovery of gold. In contrast, mine gold production rose by 2% to 875 tons in the current quarter, achieving the sixth quarter of continuous growth. Among them, the production growth of major gold-producing countries such as Russia and Canada and the improvement of production pipelines will be the supporting factors for the further growth of mine gold production in 2018.
 【上海有色网】世界黄金协会报告显示 第三季度黄金总供应量下降2% https://news.smm.cn/news/100851476